we look at the factors taken into account and some of the reasons why
some rankings changed from last year
We look at various factors including cost of ownership, rate of return,
the associated loyalty program (co-brand), ease of redemption, card
acceptance, partnerships, issuing bank and benefits. Coupled with nearly 15 years of research, answers to hundreds of email questions from readers
plus the charts and articles that we have written provides us the insight
into the pros and cons of each card.
New Cards added to the Rewards Canada rankings
BMO AIR MILES World Elite MasterCard
Reasons for the ranking changes from 2015
Travel Points Credit Cards (with Annual Fee)
For the second year in a row this is the category that had the major newsworthy change! We see the re-crowning of Capital One® with its Capital One® Aspire Travel™ World Elite MasterCard® taking back first place from the BMO World Elite MasterCard. The Capital One card costs the same as the BMO card but has a stronger sign up bonus with more flexiblie redemption options than the BMO card so that is why it takes over first place. Both cards retain a 2% return and the BMO card continues to offer business class lounge access via the Priority Pass program.
Travel Points Credit Card (with
no annual fee)
There were no changes in this category from 2015!
Hybrid Travel Rewards Credit Card (with annual fee)
No changes in this category from 2015!
Airline Credit Card
The main changes in the category had to do with the loss of the Delta SkyMiles credit cards in Canada. With them leaving it naturally allowed the Alaska Airlines MasterCard to move up to fourth and allow the RBC British Airways Visa Infinite card to re-enter the rankings. This year was a really close call between first (TD Aeroplan Visa Infiniite) and second (WestJet RBC World Elite MasterCard) as the latter has some amazing new benefits coming to it later this year. Despite these amazing new offers coming to the card we couldn't give the WestJet card first place because it still won't get you to places in the world that Aeroplan can nor can it get you into business or first class on those flights around the globe.
Hotel Credit Card
This category saw some slight changes as the IHG® Rewards Club MasterCards® from Capital One® were discontinued. Seeing that the Choice Privileges Mastercard left us the year before it only left this category with three cards. First and second didn't change while third went to the mbna Best Western Rewards MasterCard due to it moving up after the loss of the other cards. Next year should see more changes as we should know the fate of the Starwood Preferred Guest program!
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